Parthicus Posted July 30, 2022 · Member Share Posted July 30, 2022 Japan. AR 1 yen. Meiji 16 (1883 AD). Multiple Chinese merchant or banker chopmarks on obverse and reverse, plus on reverse character "gin" (silver) in circle to left of "ichi" (one) of inscription. This coin: Steve Album Internet-only Auction 16, lot 862 (2022).In 1897, Japan switched from a bimetallic (silver and gold) monetary standard to a gold-only standard, based around a revalued gold yen. As a result, old 1 yen coins were withdrawn from circulation. Some were melted, while others received a stamp of "gin" (silver) to prevent re-exchange for new gold yen (at a profit) and were exported to Korea and China as bullion. In China, these coins would usually end up with merchant or banker chopmarks to indicate that the piece was good silver and acceptable in trade. This is my first chopmarked coin in my collection, I like that it has enough chopmarks to indicate significant circulation but not so many that they destroy the design of the undertype. Please share your chopmarked coins, or whatever else is relevant. 8 1 2 Quote Link to comment Share on other sites More sharing options...
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